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Thursday, November 29, 2012

Poverty in Old Age and Social Security: Marriage as a Long-term Planning Device

Petra Persson, WAPPP Fellow

Poverty in old age is strongly correlated with marital status. In
many countries, governments also provide retirement insurance that
is tied to marriage. Such social security schemes equate marriage
with take-up of insurance against financial hardship in the end of
life, especially for women, who outlive their husbands by several
years on average. In my paper, I examine whether marriage is used
as a long-term financial planning device, using theoretical as well
as empirical methods.

Lunch will be provided. An RSVP is not required as this is an open
event.